Can I retire at age 57 with 825,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $825,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.7%
1 years$68,128$67,521$66,929$66,351$65,787$64,777
2 years$33,727$33,098$32,490$31,899$31,327$30,312
3 years$22,261$21,630$21,023$20,438$19,875$18,887
4 years$16,529$15,900$15,299$14,725$14,175$13,221
5 years$13,091$12,466$11,873$11,310$10,776$9,858
6 years$10,800$10,180$9,595$9,045$8,526$7,647
7 years$9,164$8,549$7,974$7,436$6,934$6,093
8 years$7,938$7,328$6,762$6,238$5,753$4,949
9 years$6,984$6,380$5,824$5,313$4,845$4,079
10 years$6,222$5,624$5,078$4,580$4,128$3,399
11 years$5,599$5,007$4,470$3,986$3,550$2,858
12 years$5,080$4,494$3,967$3,496$3,076$2,419
13 years$4,641$4,061$3,545$3,087$2,683$2,060
14 years$4,265$3,691$3,185$2,740$2,352$1,763
15 years$3,940$3,372$2,875$2,444$2,071$1,514
16 years$3,655$3,094$2,607$2,188$1,830$1,305
17 years$3,404$2,849$2,372$1,966$1,623$1,128
18 years$3,182$2,633$2,166$1,772$1,443$977
19 years$2,983$2,440$1,982$1,601$1,286$848
20 years$2,804$2,267$1,819$1,450$1,149$737
21 years$2,642$2,112$1,674$1,316$1,028$642
22 years$2,496$1,972$1,542$1,196$921$560
23 years$2,362$1,844$1,424$1,090$827$489
24 years$2,239$1,728$1,317$994$743$427
25 years$2,127$1,621$1,220$908$669$373
26 years$2,023$1,524$1,131$830$603$327
27 years$1,928$1,434$1,051$760$543$286
28 years$1,839$1,351$977$696$490$251
29 years$1,756$1,275$909$638$443$220
30 years$1,679$1,204$847$586$400$193
31 years$1,608$1,138$789$538$362$169
32 years$1,540$1,077$736$494$327$148
33 years$1,477$1,020$688$455$296$130
34 years$1,418$967$642$418$268$114
35 years$1,363$917$601$385$243$100
36 years$1,310$870$562$355$220$88
37 years$1,261$826$526$327$199$77
38 years$1,214$785$492$301$181$68
39 years$1,170$747$461$278$164$60
40 years$1,128$711$432$256$149$53
41 years$1,088$676$406$236$135$46
42 years$1,050$644$380$218$122$41
43 years$1,014$614$357$201$111$36
44 years$980$585$335$186$101$31
45 years$948$558$315$172$92$28
46 years$917$532$295$159$83$24
47 years$887$508$278$147$75$21
48 years$859$485$261$135$69$19
49 years$831$463$245$125$62$16
50 years$805$442$231$116$57$14

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 57 starting with $825,000, adding $6,068 every year, while hoping to spend $29,816 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 74/13/13 Blend
56$825,000$825,000$825,000$825,000
57$915,409$871,684$858,897$980,227
58$977,057$882,673$855,946$1,034,876
59$1,043,993$893,200$851,897$1,090,439
60$1,116,727$903,213$846,681$1,150,505
61$1,195,815$912,653$840,227$1,215,512
62$1,281,874$921,459$832,461$1,285,944
63$1,375,580$929,565$823,303$1,362,331
64$1,477,677$936,902$812,671$1,445,262
65$1,588,984$943,394$800,480$1,535,382
66$1,710,403$948,962$786,638$1,633,403
67$1,842,926$953,523$771,053$1,740,111
68$1,987,645$956,987$753,623$1,856,371
69$2,145,763$959,257$734,248$1,983,137
70$2,318,603$960,233$712,817$2,121,460
71$2,507,623$959,807$689,219$2,272,498
72$2,714,427$957,864$663,335$2,437,529
73$2,940,783$954,284$635,041$2,617,961
74$3,188,636$948,937$604,208$2,815,346
75$3,460,129$941,687$570,701$3,031,393
76$3,757,621$932,388$534,378$3,267,990
77$4,083,710$920,887$495,092$3,527,213
78$4,441,259$907,021$452,688$3,811,355
79$4,833,420$890,618$407,006$4,122,940
80$5,263,665$871,494$357,876$4,464,752
81$5,735,818$849,456$305,124$4,839,861
82$6,254,091$824,299$248,565$5,251,649
83$6,823,124$795,806$188,008$5,703,843
84$7,448,029$763,746$123,253$6,200,556
85$8,134,436$727,878$54,090$6,746,316
86$8,888,547$687,943$0$7,346,118
87$9,717,197$643,670$0$8,008,202
88$10,627,913$594,771$0$8,744,086
89$11,628,987$540,943$0$9,552,980
90$12,729,558$481,863$0$10,442,290
91$13,939,690$417,192$0$11,420,180
92$15,270,476$346,571$0$12,495,645
93$16,734,133$269,622$0$13,678,596
94$18,344,124$185,943$0$14,979,958
95$20,115,283$95,112$0$16,411,769
96$22,063,951$0$0$17,987,295
97$24,208,136$0$0$19,721,629
98$26,567,679$0$0$21,645,171
99$29,164,439$0$0$23,762,140
100$32,022,505$0$0$26,092,178